By Jonathan StempelAug 7 (Reuters) - A federal judge grudgingly approved Morgan
Stanley's $4.8 million settlement of electricity
price-fixing charges over activity estimated to have cost New
York consumers about $300 million, turning aside claims by a
major nonprofit that the accord let the bank off too easily.

The case, which also involved the electricity generator
KeySpan Corp, was the first in which the U.S. Department of
Justice said it tried to recover improper profit from a
financial services company that used derivatives to foster
anticompetitive behavior...MUCH MORE